Apartment buildings on the Upper East Side neighborhood of New York. Victor J. Blue | Bloomberg | Getty Images Manhattan rents hit their highest level ever for a December as the supply of apartments p...
Tag: business news
Jim Cramer says ViacomCBS is a buy, sees room for the stock to run
CNBC’s Jim Cramer said Wednesday he believes ViacomCBS is an attractive investment right now, citing the media company’s dividend payment and improving fundamentals. The stock has jumped i...
China critic Sen. Tommy Tuberville once again bought Alibaba stock
Sen. Tommy Tuberville, R-Ala., conducts a news conference in the senate subway to propose a vote on the January 6th commission today and delay the Endless Frontier Act and the Innovation and Competiti...
Jim Cramer’s advice for knowing when to buy stocks in a choppy market
CNBC’s Jim Cramer on Wednesday laid out an approach that he believes retail investors should adopt to help themselves cut through commentary about the stock market. “I want you to have a l...
Despite higher wages, inflation gave average worker a 2.4% pay cut last year
A San Francisco grocery store. David Paul Morris/Bloomberg via Getty Images Inflation is taking a big bite out of workers’ paychecks, eroding many of the raises businesses have offered to attrac...
I prefer Rio Tinto over Vale
ChargePoint: “ChargePoint is part of a very challenged group. I’ve done a lot of soul searching and, of course, a lot of research on this group. There are too many players, and there has n...
Stock futures are flat after a 3-day winning streak for Nasdaq
Traders work on the floor of the New York Stock Exchange (NYSE) on January 07, 2022 in New York City. Spencer Platt | Getty Images U.S. stock futures were steady in overnight trading on Wednesday afte...
EV sales in takeoff mode, but production a worry
Pallets of depleted lithium-ion batteries at JB Straubel’s Redwood Materials are ready for recycling. Tesla co-founder JB Straubel, founder and CEO of battery-recycling company Redwood Materials...
New Jersey reinstates public health emergency as omicron overwhelms hospitals
New Jersey Governor Phil Murphy speaks to volunteers as he meets with Newark Mayor Ras Baraka during the gubernatorial election in Newark, New Jersey, November 2, 2021. Eduardo Munoz | Reuters New Jer...
Omicron less severe, hospital stays shorter at large California health system
A healthcare worker administers a Covid-19 test in San Francisco, California, on Monday, Jan. 10, 2022. David Paul Morris | Bloomberg | Getty Images Patients at a large health system in Southern Calif...
WHO says omicron cases are ‘off the charts’ as global infections set new records
Maria Van Kerkhove, head of the World Health Organization’s emerging diseases and zoonosis unit, speaks during a press conference following an emergency committee meeting over the new coronaviru...
Natural gas surges 13% as cold snap ahead is expected to boost demand
A liquid natural gas (LNG) storage silo at the LNG terminal, operated by LNG Croatia LLC, in Krk, Croatia, on Monday, Jan. 25, 2021. Petar Santini | Bloomberg | Getty Images U.S. natural gas futures s...
Rapidly rising food prices may give restaurants an edge—here’s why
Erick Williams, chef/owner of Virtue restaurant in Chicago’s Hyde Park, preps a beet salad on Feb. 4, 2021. Jose M. Osorio | Chicago Tribune | Tribune News Service | Getty Images Food prices are...
Omicron disrupts essential services as workers call out
A US Marine veteran is treated by medical workers in a negative pressure room in the Covid-19 ward at the US Department of Veterans Affairs (VA) Boston Healthcare system campus and medical center in W...
Inflation fuels holiday online sales to record $204 billion: Adobe
A worker moves boxes of goods to be scanned and sent to delivery trucks during operations on Cyber Monday at Amazon’s fulfillment center in Robbinsville, New Jersey, November 29, 2021. Mike Sega...
Inflation rises 7% over the past year, highest since 1982
Inflation plowed ahead at its fastest 12-month pace in nearly 40 years during December, according to a closely watched gauge the Labor Department released Wednesday. The consumer price index, a gauge ...
Apple potential bid for MLB package could bring big player into sports
Los Angeles Dodgers center fielder Cody Bellinger (35) steals second base as St. Louis Cardinals second baseman Tommy Edman (19) takes the late throw at Dodger Stadium in the 2021 National League Wild...
Kim Kardashian and Floyd Mayweather sued over alleged crypto scam
Kim Kardashian arrives for the 2018 Met Gala on May 7, 2018, at the Metropolitan Museum of Art in New York. Angela Weiss | AFP | Getty Images Kim Kardashian and Floyd Mayweather are being sued over al...
Should we treat Covid like the flu? Europe is starting to think so
People walk in Regent Street, in London. SOPA Images | LightRocket | Getty Images LONDON — There are growing calls in Europe for Covid-19 to be treated as an endemic illness like the flu despite stron...
UBS says the Fed is behind the curve in shrinking the balance sheet
The Federal Reserve is behind the curve when it comes to shrinking the balance sheet, according to UBS Global Wealth Management’s Kelvin Tay. Fed Chairman Jerome Powell said Tuesday that he exp...
Travel is ‘roaring back’ — That’s good and bad for travelers
Last year wasn’t a stellar year for travelers. Perhaps that’s why so many are pinning their hopes on 2022. Travel bookings and inquiries are surging, say travel insiders, in an upward tra...
Domino’s Pizza sees soaring food costs in 2022, backs long-term outlook
An employee moves a pizza to an oven at a Domino’s Pizza Inc. restaurant in Chantilly, Virginia. Andrew Harrer | Bloomberg | Getty Images Domino’s Pizza said it expects higher food prices ...
Goldman cuts China GDP for 2022 amid lockdowns, omicron
Traffic police and epidemic prevention personnel work together to check vehicles at a highway entrance in Zhengzhou, the capital of Henan province, China, on the afternoon of January 8, 2022. Costfoto...
FAA briefly grounded planes in Western U.S. as precaution
A United Airlines Holdings Inc. Boeing 777-200 aircraft on the tarmac at San Francisco International Airport (SFO) in San Francisco, California, U.S., on Thursday, Oct. 15, 2020. David Paul Morris | B...
Planet Fitness to buy franchisee Sunshine Fitness in $800 million deal
A person works out at Planet Fitness as they re-open at 25 percent capacity in Boston’s Dorchester on Feb. 1, 2021. Jessica Rinaldi | Boston Globe | Getty Images Planet Fitness said Tuesday it p...
I would buy some Novocure shares
GrowGeneration: “We very specifically said when that stock got into the $40s that it was done, that there wasn’t much more there, that we thought it was terrific, but we wanted to take the...